Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990.

The ultra-rich pose a threat to our democratic institutions—and the problem will deepen if extreme wealth is left unchecked.

The World Economic Forum in Davos, Switzerland, is underway this week — and there are calls for taxing the extremely rich to address global inequality.

Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, according to a new report released Monday.

The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.

Trump — who juiced his own net worth by tens of billions of dollars with a memecoin strategically released just before his inauguration — is likely to dominate discussions in the Swiss Alps

A leading NGO warned Monday of an emerging "aristocratic oligarchy" with massive political clout and primed to profit from Donald Trump's presidency, as global elites descend on Davos for their annual confab.

The World Economic Forum has officially begun. What's at stake for the global development world? We bring you the chalet play-by-play in this Newswire special edition.

Billionaires' wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported Jan. 20 as some of the world's political and financial

a top anti-poverty group reported on Monday as some of the world's political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

The international spaces of the World Bank and International Monetary Fund (IMF) are equally emblematic of the power imbalances that are driving inequality to new heights. Rich countries dominate both of these institutions,

In 2024, an average of nearly four new billionaires were coined every week, according to Oxfam. Much of their wealth will be passed down to heirs.